28 October 2016

Our Community

Russia's aging population piles pressure on public finances

An aging population and related public spending on pensions and health care could put significant pressure on Russian government finances and lead to a strongly rising debt burden by the middle of this century in the absence of policy measures to contain spending, according to Standard & Poor's Financial Services.


"We project Russia's elderly population, aged 65 or over, will rise to 21% of the total by 2050 from 13% at present and that the working-age population will decline in this period," S&P reports.

Ukraine Gov't prepares mirror response to Russia's transit restrictionsAccording to the agency, this would lead the Russia government's age-related expenditures to rise to 19% of GDP by 2050 from about 13% today in the absence of any reforms to rein in expenditures.

In addition, net general government debt would rise to 262% of GDP by 2050 in this scenario.

If you notice a spelling error, please highlight it with your mouse and press Ctrl+Enter
Read also



Do you like the new site?
Leave your opinion